Business TransitionIPG is transitioning the business from legacy core cutting applications to emerging growth products with good long-term growth potential, such as laser welding and industrial cleaning and heating/drying applications.
Product DemandEmerging growth products like LightWELD, beam delivery, and medical products are driving sales, indicating a robust product demand in the market.
Sales GrowthSales in welding applications have rebounded strongly, demonstrating growth in Europe and highlighting the demand for IPG's innovative solutions.